Swiss crypto bank AMINA is working with Cantor to explore options for a potential public listing, favoring a reverse takeover of a digital asset treasury company. The bank is seeking strategic growth capital.
AMINA's pursuit of a public listing, even amidst a challenging market for crypto firms, signals continued institutional interest in the digital asset sector and potential future growth opportunities.
Swiss crypto bank AMINA is working with Wall Street firm Cantor to explore options for a potential public listing. The bank has considered various routes to the public markets, including a SPAC merger, but currently favors a reverse takeover of a digital asset treasury company. Discussions are ongoing, and no definitive decision has been made regarding the preferred path forward.
AMINA stated that its primary focus is on securing strategic growth capital rather than a rapid stock market entry. The company spokesperson clarified that they are not currently in discussions with SPACs or digital asset treasury companies but are engaging with potential investors for growth capital, viewing an IPO as a possible future step.
Founded in 2018 as SEBA Bank and rebranded as AMINA in 2023, the institution is regulated by the Swiss Financial Market Supervisory Authority (FINMA). It provides institutional and professional investors with services such as crypto trading, custody, staking, and lending, with operations expanding to Abu Dhabi, Hong Kong, and India.
The broader crypto industry has seen increased activity in public markets over the past year, with several companies undertaking IPOs. However, post-listing performance has been inconsistent due to volatile crypto prices, reduced trading volumes, and a general risk-off market sentiment, leading some private crypto firms to postpone or reconsider their public listing plans.